NEW YORK, Sept. 15, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Palantir Technologies Inc. (“Palantir” or the “Company”) (NYSE: PLTR) and certain of its officers. The class action lawsuit, filed in the U.S. District Court for the District of Colorado and Filed at 22-cv-02384, is being brought on behalf of a class action lawsuit consisting of all individuals and entities, other than the defendants, holding securities of between November 1st and 2nd Bought or otherwise acquired Palantir on May 9, 2021 and May 6, 2022, both dates inclusive (the “Collection Period”), in an attempt to recover damages caused by the Defendants’ violations of the federal securities laws and seek remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder against the Company and certain of its senior officials.

If you are a shareholder who purchased or otherwise acquired Palantir securities during the class action period, you have until November 14, 2022 to ask the court to appoint you as lead plaintiff in the class action. A copy of the complaint is available at www.pomerantzlaw.com. To discuss this promotion, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, ext. 7980. Persons inquiring by email are asked to provide their mailing address, telephone number and the number of shares purchased.

[Click here for information about joining the class action]

Palantir develops and implements software platforms to assist the US Secret Service in counter-terrorism investigations and operations. The Company has two operating segments, Commercial and Government, with the latter primarily serving US federal and non-US government agencies. Palantir also invests in what are known as “marketable securities,” which consist of shares in publicly traded companies.

Palantir has repeatedly identified sources of geopolitical…